14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of Z
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Zillow Group stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on May 03, 2024)

Sell candidate since Mar 13, 2024 Loss -27.31% PDF

The Zillow Group stock price gained 2.13% on the last trading day (Friday, 3rd May 2024), rising from $39.84 to $40.69. During the last trading day the stock fluctuated 4.70% from a day low at $40.50 to a day high of $42.41. The price has fallen in 6 of the last 10 days and is down by -2.7% for this period. Volume fell on the last day by -5 million shares and in total, 5 million shares were bought and sold for approximately $216.68 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $39.56 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -27.32% during the next 3 months and, with a 90% probability hold a price between $28.75 and $34.03 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

Z Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 2.13%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Zillow Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $42.18 and $45.59. A break-up above any of these levels will issue buy signals.

Support, Risk & Stop-loss for Zillow Group stock

Zillow Group finds support from accumulated volume at $39.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.91 between high and low, or 4.70%. For the last week, the stock has had daily average volatility of 3.82%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (Z) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Zillow Group to open at $41.20, and during the day (based on 14 day Average True Range), to move between $38.89 and $42.49, which gives a possible trading interval of +/-$1.80 (+/-4.42%) up or down from last closing price. If Zillow Group takes out the full calculated possible swing range there will be an estimated 8.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $39.84 (2.09%) than the resistance at $47.67 (17.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Zillow Group stock A Buy?

Zillow Group holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -1.564 Sell Candidate Upgraded

Predicted Opening Price for Zillow Group of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$41.20 ( 1.25%) $40.69

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for Z

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 43.10 5.93 %
R2 42.38 4.14 %
R1 41.93 3.04 %
Current price: 40.69
Support S1 40.47 -0.539 %
S2 40.02 -1.64 %
S3 39.29 -3.43 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 48.15 18.33 %
R2 47.71 17.25 %
R1 47.67 17.15 %
Current price 40.69
Support S1 39.84 -2.09%
S2 0 .
S3 0 .

FAQ

What is the symbol for Zillow Group Stock and on which exchange is it traded?
The symbol for Zillow Group is Z and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Zillow Group Stock?
Zillow Group holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy Zillow Group Stock?
Zillow Group Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Zillow Group Stock.

What's the current price of Zillow Group Stock?
As of the end of day on the May 03, 2024, the price of an Zillow Group (Z) share was $40.69.

What is the 52-week high and low for Zillow Group Stock?
The 52-week high for Zillow Group Stock is $61.13 and the 52-week low is $33.80.

What is the market capitalization of Zillow Group Stock?
As of the May 03, 2024, the market capitalization of Zillow Group is 9.386B.

When is the next earnings date for Zillow Group?
The upcoming earnings date for Zillow Group is Aug 07, 2024.
Click to get the best stock tips daily for free!

About Zillow Group

Zillow Group Zillow Group, Inc., a digital real estate company, operates real estate brands on mobile applications and Websites in the United States. The company operates through three segments: Homes; Internet, Media & Technology; and Mortgages. The Homes segment is involved in resale of homes; and title and escrow services to home buyers and sellers, including title search procedures for title insurance policies, escrow, and other closing services. The IMT ... Z Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT